New Energen Wells with Generation 3 Fracs Significantly Outperforming

BIRMINGHAM, Ala.--(BUSINESS WIRE)--For the 3 months ended March 31, 2017, Energen Corporation (NYSE: EGN) reported GAAP net income from all operations of $33.4 million, or $0.34 per diluted share. Adjusting for a non-cash gain on mark-to-market derivatives and a small non-cash impairment loss, Energen had an adjusted loss in 1Q17 of $(12.4 million), or $(0.13) per diluted share. This compares with an adjusted loss in 1Q16 of $(53.6 million), or $(0.62) per diluted share. [See “Non-GAAP Financial Measures” beginning on pp 10 for more information and reconciliation.]